We are extremely pleased to have been selected to participate in Intel's unique fasterLAB where companies have the opportunity to experience what SeaNet has been offering its customers for years: that time is money in financial markets and that having the ability to measure latency to the microsecond can make the difference between profit and loss
New York (PRWEB) March 24, 2009
SeaNet Technologies (http://www.seanet-tech.com), a leading worldwide provider of application performance measurement and reporting solutions, today announced that its SeaView/RTM software has been selected by Intel Corp.'s UK-based Low Latency Lab testing facility to monitor and measure to the microsecond the inherent latency of trading applications.
Intel's fasterLAB offers financial institutions unique access to the latest high-performance technologies from the company and its partners, including SeaNet, to test latency measuring solutions with the goal of fine tuning their operational infrastructures for maximum performance.
SeaNet developed SeaView to address the unique requirements of financial services firms to measure the application performance latency of market data and trading applications and order execution. SeaNet's solution is an application- oriented latency measurement system that can be used to measure anomalies within trading applications without negatively impacting the system being monitored.
SeaView/RTM's open architecture product suite provides the ability to measure, monitor and analyze the key metrics of real-time business transactions for any financial application. SeaNet is the first company to demonstrate the root causes of performance problems in mission-critical applications for both one-way market data feeds and order entry/execution.
"At Intel Corp. we are very focused on the role that our technology can play across the entire trading life cycle," said Nigel Woodward, worldwide director financial services, Intel Corp. "By tuning and optimizing technology to the Xeon architecture, levels in the infrastructure latency can be reduced significantly and processing performance improved. This affects the ability to consume and manage market data, process and route trades and analyse risk. By working closely with SeaNet, we have been able to measure the incremental effects of infrastructure tuning and selection of key technology components. SeaNet tools are installed in the faster LAB where we can continue to conduct extensive performance sensitive functions for both clients such as Nomura and other software solution providers," Woodward said.
Among the Intel customers using the Low Latency Lab is Nomura, the global investment bank, which is utilizing Intel's fasterLAB to minimize latency across its trading infrastructure and technology platform.
Intel selected SeaNet for the company's commitment to helping financial services organizations get the best possible performance out of their applications. SeaNet was the first to recognize the root causes of poor performance in mission-critical applications by presenting a granular and comprehensive view of the end-user and revealing clear solutions for improving infrastructure investments. The company bridges the divide between real and perceived service levels and the separation between business and IT domains to create a common solution for delivering the best possible service.
"We are extremely pleased to have been selected to participate in Intel's unique fasterLAB where companies have the opportunity to experience what SeaNet has been offering its customers for years: that time is money in financial markets and that having the ability to measure latency to the microsecond can make the difference between profit and loss," said Raymond Marra, EVP, SeaNet Technologies. "This partnership furthers SeaNet's expansion into the worldwide market and is continued proof that SeaNet is the leader in providing real-world solutions for the problems caused by application and network latency," Marra said.
About SeaNet Technologies, Inc.
SeaNet Technologies Inc., headquartered in Kew Gardens, N.Y., is the worldwide leader in application performance monitoring and data analysis solutions. SeaNet's SeaView suite provides a highly accurate and real-time comprehensive data analysis system that enables complete measurement and analysis. SeaNet understands the unique challenges of application monitoring and performance management faced by financial services organizations. For more information, please visit us at http://www.seanet-tech.com.
Intel (NASDAQ: INTC), the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at http://www.intel.com/pressroom and blogs.intel.com.